Posted inHeavy Hitters

Xiaomi shares drops below IPO price again

小米再度破发 “翻倍”将成泡影? – 上海证券报 What happened: Shares of Chinese smartphone maker Xiaomi dropped below HK$16.8 issue price during an intraday trade on August 2. Xiaomi went public in Hong Kong on July 9, and its shares jumped below the issue price on the IPO day. Lei Jun, CEO of the company, once promised investors who bought […]

Posted inHeavy Hitters

Patent suits pile on before Xiaomi IPO

Chinese smartphone maker Xiaomi hit yet another roadblock ahead of its blockbuster IPO. An individual named Yuan Gongyi (袁弓夷) is suing the company for infringing on his patent, asking for an indemnity of RMB 50 million ($7.5 million), local media is reporting. According to Yuan, the Chinese patent ZL00800381.5, named Common Packet Channel, has been […]